Since the beginning of a merger between two petrochemical companies, PT Tri Polyta Indonesia Tbk (TPIA) and PT Chandra Asri Petrochemical, owned by Indonesian tycoon Prajogo Pangestu, many thought that Prajogo is planning to raise funds. It seems the fund raising will be proven soon.
A survival entity Chandra Asri (TPIA) is poised to raise funds more than Rp1 trillion. Chandra Asri, which obtained an effective on merger with Tri Polyta, on January 1 2011, is also ready with arrangers and underwriters. How much the fund raising and who are the arrangers? Please read the remaining stories.
Disclosure: No position at the stock mentioned above.
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